Why the Left Refuses to Talk About Venezuela
Venezuela represents one of the left's greatest victories against so-called neoliberalism. Oddly, they don't seem to be bragging about it.
Mises Wire
How Magical is the Keynesian Multiplier?
Real wealth comes from greater production and saving. More spending — especially when spurred by printing money — doesn't make us rich.
It’s Against the Law to Paddleboard Without a Whistle
Nullifying the Coast Guard’s designation of paddleboards as vessels would be a victory for summer, and a defeat for Washington.
Balance Sheet Normalization, Or Not
Fed commentators have been talking up the "balance sheet normalization" theme. Turns out, shockingly, it's not actually going to be normalized.
US Household Debt Rises to All-Time Highs
Spurred by 9 years of easy money, US household debt is back to peak levels not seen since 2008.
Venezuela: Forty Years of Economic Decline
By the 1970s, the Venezuelan economy was in deep trouble. The half-hearted reforms that followed, paved the way for the rise of Hugo Chávez.
Libertarianism at the Brink
Cato's Brink Lindsey says we can't evaluate complete laissez-faire because it does not exist; but he somehow "knows" government intervention is better.
4 Problems With Jeff Sessions’s New “Tough on Crime” Stance
Violent crime is already illegal in all 50 states under state laws. The last thing we need is a new wave of federal prosecutions of non-violent people.
Marx: The Economist’s Economist
Marx's original thinking amounted to nothing more than equivocal statements, half-baked arguments, and crude claims unsupported by any empirical facts.
The World’s Central Banks Are Frozen with Fear
A look at the world's largest central banks suggests there's no appetite for anything that resembles quantitative tightening.
